Ok, you want to buy a home and the zip code with the homes, schools and ammenities that you like the most is in 76126.  Maybe you haven't hired an agent yet but you're about to and want to gather a few more preliminary facts about the area.  Or lets say your thinking of selling but before you talk with an agent and get serious you want to know whether homes are moving in your market and price range.  Well, the chart that I've summarized below is the most current for the above zip code considering the last six months of sales up through October 21, 2009, and it will tell you that within a given price range it will take so many months to sell a home providing that no other homes come on the market.  The problem is that more homes do come on the market but another factor to consider is that the rate of home sales is also constantly changing.  However, the data below can be used to provide us a basis for what has happened in a particular market over a specific period of time and considers the inventory that is currently available for purchase.  The larger the inventory on the housing market, the longer it will take to sell.  Consequently, a buyer could expect to pay a more reasonable price with such a large selection.  This is often called a "Buyers Market".  A "Seller's Market" is evident when inventories are low.  A "Balanced Market" occurs when neither the buyer or seller is favored in a potential home sale or purchase.

The above chart is deemed to be correct but we make no specific guarantee for its accuracy.